Cash Register Receipts + Wisconsin Taxes - PowerPoint by uzo20936

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									                 Welcome!
Before-We-Begin Tasks:
1.) Locate the School Financial Services homepage:
   http://dpi.wi.gov/sfs/index.html and bookmark it!
2.) On the Green ScanBar, go to:
   Worksheets/DPI-Executable/09-10 Percentage Method
   Equalization Aid Worksheet and save this file to your desktop.
   File should already be named simaid10.xls
3.) On the Green ScanBar, go to:
   Worksheets/DPI-Executable/2009-10 Revenue Limit
   Worksheet and save this file top your desktop. File should
   already be named revlim10_act28.xls.
4.) On the Green Scanbar, go to “Presentations,” find the
   presentation for today and save this file to your desktop.
           5.) Get a cup of coffee and a donut.
Getting It Done Right:
 FROM THE BUDGET
   TO THE LEVY
  …AND BEYOND…
 October 21 & 22, 2009

       Brad Adams
   Karen Kucharz Robbe
          Today‟s Goal

• For you to be able to:
  – understand and accurately prepare
    your district‟s revenue limit
  – determine your final Fall, 2009 levy
  – finalize your 2009-2010 budget
  – and learn a few other things about
    school finance
               Agenda
•   Introduction/Preparation
•   Membership
•   Revenue Limit to Line 11
•   Work break
•   Revenue Limit from Line 11-20
•   Work break
•   Lunch
•   Should I Underlevy?, Equalization Aid,
    Other Odds and Ends
             Handouts
• District-Specific 2008-2009 Final Revenue
    Limit Worksheet
•   District-Specific 2009-2010 Revenue Limit
    Worksheet
•   District-Specific 2009-2010 October 15
    Certification of General Aid
•   Weyerhaeuser Revenue Limit Longitudinal
•   District-Specific Revenue Limit Longitudinal
•   Florence Equalization Aid Longitudinal
•   District-Specific Equalization Aid Longitudinal
•   PowerPoint Slide Presentation
                       The “Big Picture”
                                                        Certify Levies via
Revenue Limit Calculation                               PI-401 & PC-401
                                                            (in portal)
                             3rd Friday Count,
                             Oct 1 Tax Values,
                              October 15 Aid




         Budget Planning
              Papers
                                                            Send tax bills.
                                                                PI-1508


                    Annual Meeting?
                                                 Budget Adjustments to BOE
                                                  Budget Report PI-1504
          Membership

(Kid count drives the Revenue Limit,
      so it‟s THAT important.)
       Let‟s Talk a Bit About
            Membership…

Membership is used in both the Revenue Limit
     and Equalization Aid computations.

            3 Questions for Guidance

• Who can you count for membership?
• Who is a resident?
• Who is incurring the cost for the education?
                 Membership
Who can you count for membership?

 Generally, residents for which you are financially
 responsible - i.e. you are incurring the cost for the
 student‟s education.
 - Start with who is in your seats on the count date.
 - Subtract non-residents being educated in your
 seats.
 - Add in your residents who are elsewhere (and for
 which you are financially responsible).
 -Watch for the “before and after” rule.
    (Count the student if he/she was present for instruction
    during the school year, at least one day before the count
    date and at least one day after, and didn‟t change
    residency during the period of absence.)
                  Membership
Who is a Resident?
 Not defined by statute. Residency is determined by
 the local district.

 1.) Is the child living in the district with his/her
     parents?
 2.) What about other situations?
     – there is case law - i.e. - Thayer Ruling
 A minor may have, for school purposes, a residence
 other than that of his parents. In this specific case,
 the school district was incidental to the child‟s reason
 for living in the district.

        Use common sense…WHY are they there?
                     Membership
Who is incurring the cost for the education?

     Pupil is in your seats, taught by your teachers.
     Full-time resident pupils in attendance elsewhere, but
      your district is paying for their education.
       • Open Enrollment (your residents going elsewhere)
       • Tuition Agreements
       • CESA Programs
       • Tuition Waivers (Be careful with this one. These
         situations involve kids moving out/in of a district
         mid-year. Sometimes, you still can count a kid in
         the year that they have moved out of your
         district….and, sometimes you can‟t count a new kid
         that has recently moved into your district. Please
         call us if you have a student in this situation.)
Revenue Limit Membership
     SAFR Membership Report
                Pupil Count
(NOT used for much! Need to convert to FTE!)




  Don’t
  use
  this!




    SAFR/Non-Financial Data Home/Membership Report/Final Summary
             Pupil FTE Conversion
               (used in the Revenue Limit!)




SAFR/FTE Reports/FY 2009-2010 FTE Conversion for Revenue Limit Calculation
         Pupil FTE Conversion with
         Youth Challenge Students
                (used in the Revenue Limit!)




SAFR/FTE Reports/FY 2009-2010 FTE Conversion for Revenue Limit Calculation
Calculating Your FTE Before
     the Report is Open

   http://dpi.wi.gov/sfs/membrpt2.html

   Excel File: “Converting Count to FTE”


      This is also the web address
      for everything “Membership.”
Revenue Limits
   Revenue Limits
We‟ll walk through a SAMPLE 2009-10
revenue limit calculation worksheet
line-by-line, giving you some time to
work on your district‟s numbers….


 ….please ask questions as we go.
    Revenue Limit Controls
• The Revenue Limit controls the following revenues:
   – General Aid (Equalization Aid, for most districts)
   – High Poverty Aid (@ 20-25 districts)
   – Computer Aid
   – General Fund (Fund 10), Non-Referendum Debt
     (Fund 38) & Capital Projects (Fund 41) Levies

• The Revenue Limit does not control the following revenues:
   – School Fees
   – Categorical Aids (Library Aid, Transportation Aid, etc.)
   – State and Federal Grants
   – Gate Receipts
   – Donations
   – Referendum Debt (Fund 39)
       & Community Service Fund (Fund 80) Levies
           Revenue Limit
 Step 1: Build the Base Revenue Per
          Member. (Worksheet lines 1-3)
 Step 2: Calculate a New Revenue Per
          Member. (prior to exemptions)
          (Worksheet lines 4-7)
 Step 3: Determine Allowable Exemptions.
          (Worksheet lines 8-11)


              A 4-Step Process
         Revenue Limit
 Step 4: Determine Levy and Computer
  Aid Amounts.
            Controlled Amounts
       Levies for Funds 10, 38, 41
             DOR Computer Aid
            (Worksheet lines 12-14)

          Non-Controlled Amounts
         Levies for Funds 39 & 80
        and Prior-Year Chargeback.
             (Worksheet lines 15-20)
        Step 1: Build the Base Revenue
                     Line 1


Prior-Year Data (2008-09)                      2009-10 Base


   + October 15 Aid (Line 12A)
   + Computer Aid Received (Src 691)
   + High Poverty Aid Received (Line 12B)
   + 10R 211 Levy (Line 18)
   + 38R 211 Levy (Line 14B)
   + 41R 211 Levy (Line 14C)
   - Revenue Limit Penalty
   - Levy for Non-Recurring
       Referendum
   - Levy for Declining
       Enrollment
Prior-Year Data (2008-09) is Used to Build the New-Year (2009-10) Base
Step 1: Build the Base Revenue
             Line 1
Step 1: Build the Base Revenue
             Line 2
           Step 1: Build the Base Revenue
                        Line 3
    2009-10 Line 1
                                                               Base Revenue
                         ÷      Base Membership           =     Per Member
                                3-Year Average


                                                              $ 9,574.73
                                 3 Previous Years
Prior-Year Data (2008-09)        (Fall 06, 07, 08)
 + October 15 Aid
                                                               Line 3
 + Computer Aid               Summer 06 (40%) + Fall 06
 + High Poverty Aid           Summer 07 (40%) + Fall 07
 + 10R 211 Levy               Summer 08 (40%) + Fall 07
 + 38R 211 Levy
 + 41R 211 Levy
 - Revenue Limit Penalty
 - Levy for Non-Recurring
       Referendum              (283+ 280+ 263) / 3 =
 - Levy for Declining
       Enrollment Exemption             275
    $2,633,051
Step 1: Summary
   Lines 1-3




Base Revenue Per Member
      Step 2: Calculate a New
        Revenue per Member
              Line 4A

Each year, under current law, districts are allowed to
add in a per-pupil inflationary increase at this point in
the computation.
Usually computed by using the March to March CPI-U,
the Legislature actually set in law the dollar increase
for both the 2009-10 and 2010-11 years is $200.00.
This number is used by all districts.




                 $200.00 for 2009-10
            Step 2: Calculate a New
              Revenue per Member
                  Lines 4B & C
Also under current law, districts having low revenue (less than a
State-determined per-pupil amount) AFTER Lines 3 and 4A are
summed are allowed to increase their per-pupil revenue limit
amount to reach this specified amount. For the 2009-10 school
year, the amount is $9,000.
Line 4B, Low Revenue Increase, will automatically pre-fill if your
district has low revenue. You don‟t need to enter anything in the
spreadsheet to get this extra amount, if you qualify.
If your district participates in a CCDEB, please call the Finance
Team for further instructions for Line 4C. (none for 09-10)
   Step 2: Calculate a New
    Revenue per Member
            Line 5
Line 5 is the sum of Lines 3 and 4 (auto-calculates).
      Step 2: Calculate a New
       Revenue per Member
               Line 6




Remember to use the most up-to-date numbers you have for
       the Summer, 2009 and Fall, 2009 counts.
Step 2: Calculate a New
 Revenue per Member
         Line 7
   Line 7 is Line 5 multiplied by Line 6.
          $9,774.73 X 269 = 2,629,402




“But Line 7 cannot be less than Line 1.“
   Lines 4-7
Step 2: Summary
Step 3: Determine Allowable Exemptions
              Lines 8-11
      Exemptions to the Revenue Limit allow
      districts to levy additional amounts up
     and above the amount generated by the
           computation up to this point.

      Line 8 tracks Recurring Exemptions.

   Line 10 tracks Non-Recurring Exemptions.
   It‟s important to understand the distinction
                 between the two.
Step 3: Determine Allowable Exemptions
              Lines 8-11

Recurring Exemptions (Lines 8A-E) are base-building – that is, if
  the district taxes for any of this additional authority, the levy
  amount is automatically included in the succeeding year‟s base.
Any unused Recurring authority is eligible
for 100% carryover into the next year.
Step 3: Determine Allowable Exemptions
             Lines 8-11
 Non-Recurring Exemptions (Lines 10A-C) are not
   base-building – that is, if a district taxes for any
   of these exemptions, the amount is not included in
   the succeeding year‟s base.

 In addition, any unused Non-Recurring authority is
   not eligible for carryover in the next year –
   districts have one, and only one opportunity to use
   Non-Recurring exemptions.
Step 3: Determine Allowable Exemptions
              Lines 8-11
    Step 3: Determine Allowable Exemptions
                 Lines 8-11

           Line 11 is the final “Revenue Limit With All
                 Exemptions” for your district.
This is the total revenue your district can receive from the
  combination of property tax from Funds 10, 38, and 41,
  State General Aid (Equalization, Special Adjustment, and
  Integration Aids), High Poverty Aid and State Computer Aid.
          Aid Certification
               Line 12
• General Aid (October 15 Cert.)

• State Aid to High Poverty Districts
  (not all districts)




    Line 13 must now be divided between the
    Fund 10 levy, the Fund 38 levy, the Fund
           41 levy, and Computer Aid.
Step 4: Determine Levy and
    Computer Aid Amounts

• Controlled Amounts - Lines 12-14
     General State Aid (Including High Poverty Aid)
     Fund 10, General Fund Levy
     Fund 38, Non-Referendum Debt Levy
     Fund 41, Capital Projects Levy
     Computer Aid

• Non-Controlled Amounts - Lines 15-20
     Fund 39, Referendum Debt Levy
     Fund 80, Community Service Fund
     Fund 10, Src 212, Property Tax
                      Chargebacks
                 Controlled Amounts
                      Line 14
   Line 11 – Total
   Resources from                      October 15 Aid Certification
    Property Tax                       and High Poverty Aid reduce
      and Levy                             what you can levy.
                                                 Line 12
                                               Fund 10 Levy

                                                Fund 38 Levy
Line 13
Allowable                                   Fund 41 Levy
 Limited
 Revenue                                  Computer Aid
                Computer Aid is based on the total levy, but, at
                this point in the computation, we don‟t have total
                levy yet. Calls for a strategy on how to get the
                limited portion right…….
                         Strategy
                          Line 14
• First, type in the amounts you intend to levy for Funds 38
  and 41 (lines 14B & 14C, respectively).
• Then, enter into line 14A the difference between line 13
  and the sum of lines 14B & C.
• By doing this, you have levied to your maximum. Note that
  districts may choose to levy less than the maximum.
• Remember: Line 14 cannot exceed Line 13 ! If it does, you
  must reduce something in Line 14 (or, remain in a penalty
  situation).
Non-Controlled Amounts
       Line 15
 Enter anticipated levy amounts
     into Lines 15 A,B,& C.
           Computer Aid
                Line 17
• Since 1999-00, business computers have been
  exempt from property taxes.
• Instead of receiving property taxes for this
  property, districts receive an aid payment
  (Computer Aid) from the Department of Revenue to
  make up the loss in value. (Source 691)
• DOR certifies to districts the equalized value of
  exempt computers, and districts calculate
  computer aid based on that value.
  Property Tax Exemption for
      Business Computers
• Definition of computers:
   – alarm/security systems; automotive diagnostic
     equipment; ATM‟s; cash register/checkout
     systems; grocery store scanners; hotel
     reservations systems; lottery ticket terminals;
     computer controlled optical, medical, printing
     systems; etc.

   –   “Computer Aid” must be considered in the
       context of revenue limit calculation because it
       replaces a portion of a district‟s allowable tax
       levy.
             Computer Aid
               Line 17
Once you have entered all of the levy amounts on Lines
14 & 15, the spreadsheet automatically calculates
Computer Aid on Line 17.
You must enter property values in Line 17 for the
calculation to work properly.
Computer Aid is based on property values and total levy.
Normally, the Department of Revenue certifies the 2009
Property Values on October 1, 2009, so use an estimate
until the certification arrives.
     Fund 10 Levy
        Line 18

Once all your numbers are entered
into the spreadsheet, Line 18 will
  be the amount of your Fund 10
               Levy.
          Total All Fund Levy
                Line 19

• Line 19 is the sum of all levies from all
  funds (line 14B & C, line 15, and line 18).
  Computer aid should not be included here.

• Line 19 is the levy to be apportioned to
  municipalities and must equal the total
  amounts on the PI-401.
       Total Debt Service
             Line 20

• Line 20 is a total sum of your debt-
 related levies. It has been included here
 as a convenience.
    You Are Ready to
   Set the Levy When…

…you‟ve finished your revenue limit
  calculation, which incorporates:

• Third Friday Count
• October 1 Tax Values
• October 15 General Aid Certification
Levy Certification
 Fund 10 = $1,249,195
 Fund 38 =      $50,000
 Fund 80 =      $75,000
             $1,374,195
 Total Fall, 2009 Levy
        Levy Certification
• Prior to November 1, 2009, your school
 board needs to vote on the district
 property tax levy for 2009-10. After the
 levies have been set, district staff will use
 an internet-based program to certify the
 district‟s levy to municipalities and to
 report the data to both DPI and the
 Department of Revenue.
 Levy Certification




SAFR/Financial Data Home/Tax Levies/2009-10
Levy Certification
Levy Certification
Levy Certification
Levy Certification
Levy Certification
     Levy Certification
• Congratulations! You‟re done! Quick and
  painless!
• The information you have provided will be
  submitted to the Wisconsin Department of
  Revenue (DOR) by the Department of Public
  Instruction on your behalf. Your district no
  longer needs to send a paper report to DOR.
• Gather the appropriate signatures on the tax
  bills and certification page, mail your tax
  bills, and take the afternoon off!
                      The “Big Picture”
                                                        Certify Levies via
Revenue Limit Calculation                               PI-401 & PC-401
                                                            (in portal)
                             3rd Friday Count,
                             Oct 1 Tax Values,
                              October 15 Aid




                Budget Planning
                    Papers
                                                            Send tax bills.
                                                                PI-1508



                                                 Budget Adjustments to BOE
                                                  Budget Report PI-1504
  Tie It All Together

What‟s tied together? The levies on the
 following should all be the same:

  –   Revenue Limit Worksheet
  –   DPI PI-401, Fall 2009
  –   PI-1508 (Tax Bills)
  –   2009-10 DPI Budget Report
Levy Certification
      Tie It All Together

• Once you submit the levy reports to
 DOR and DPI, and the budget report to
 DPI, the process is completed …..




               …..until next year……
Important Dates

    • On or before Nov. 1 - Last
      Day For Board To Approve Tax
      Levy
    • On or before Nov. 6 - Last
      Day to Certify Levy to
      Municipalities
    • Dec. 4 - Special Ed Budget
      Due to DPI (PI-1505 SE)
    • Dec. 4 - PI 1504 Budget
      Report due
Using Revenue Limit
 Data in Budgeting
     (there is a direct link)
    Budgeting with
  Revenue Limit Data
• Districts typically develop an estimate of their
  new-year revenue limit by the end of January in
  any given budget year. (Need to estimate many
  pieces of data: upcoming 3rd Friday FTE, upcoming
  October 15 aid certification, upcoming fall
  property values, exemptions…)

• This preliminary revenue picture, together with
  salary and other local expenditure and revenue
  budget estimates, serves as a guide for the
  district as it moves through budget development.

• The process culminates in the fall of each year
  after districts receive the 3rd Friday in September
  FTE Count and the DPI October 15th General Aid
  Certification, allowing them to set the levy, send
  tax bills, and report levy amounts to DPI.
                   Budgeting with
                 Revenue Limit Data
Revenue Limit Calculation



                              The Revenue Limit computation
                              contains data elements that may
                              change during the budgeting
                              cycle.
                              Remember to update your
            Budget Planning   Revenue Limit Calculation and
                Papers        budget planning documents as
                              new information is received
                              throughout the year.
             Budgeting with
           Revenue Limit Data

Enter Information into
 Your Budget Planning
        Papers

Trying to Get at the
    Bottom Line

  Large Difference?

 Use Fund Balance?
     Importance of Line 11
      in the Revenue Limit
                 Line 10
              Adding non-
          recurring exemptions   2009-10
                                 Line 11
2008-09          Line 8
  Base      Adding recurring
              exemptions
                Line 4-7
            Adding the state
           per-pupil increase
          with new 3-year avg
              Comparing Line 11s
              from Year to Year

Line 11 represents the total amount of resource your
  district will get from Property Tax, State Aid, and
  Computer Aid. (about 70-90% of total revenues for
                      most districts).

For budgeting purposes, it‟s very important to compare
  this Line 11 with the previous year‟s Line 11. Major
    decreases in Line 11 from year to year can have
          serious implications for your budget.
Comparing Line 11s
from Year to Year
  2008-09      Line 11      2009-10
               Amounts




Decrease probably means budget cuts.
The earlier in your budget process you
   discover this, the better………….
          Comparing Line 11s
          from Year to Year

See Longitudinal Revenue Limit History Excel
         file under Longitudinal Data
   (or Budget Planning and Development)
               on our website.
         Using Revenue Limit Data
Revenue Limit Calculation
                             Budget Planning
                                 Papers
Recurring and Non-Recurring
 Exemptions, Underlevying,
         Carryover,
Revenue Limit Projection Tool
    Revenue Limit Exemptions

    Recurring Exemptions        Non-Recurring Exemptions

     Prior-Year Carryover       Non-Recurring Referenda
                                        to Exceed
     Transfer of Service
                                  Declining Enrollment
     Transfer of Territory
                                  Line 7 Hold Harmless
   Federal Impact Aid Loss
                                   Energy Exemption
Recurring Referenda to Exceed
    (if year 1 of authority)
   #1 - Recurring Exemptions,
   Levied to Max
       2008-09                                                2009-10




Recurring Referendum

  Transfer of Service                                       Prior Year Aid
 Inflationary Increase                                            plus
                                 Aid                            Levies
                                  +
                                Levy      Base               (no backouts)
        Base



$10,000,000                                                $10,000,000
                         This district used all of its authority and has no
                              carryover authority in 09-10, Line 8A.
   #2 - Recurring Exemptions,
   Underlevy
       2008-09                                                2009-10


  $10,000,000                                             $9,800,000

Recurring Referendum

  Transfer of Service
 Inflationary Increase                                      Prior Year Aid
                                 Aid      Base                    plus
                                  +                             Levies
                                Levy
        Base                                                (no backouts)


Underlevied by $200,000
                 This district will have $200,000 of carryover authority
                                   in 2009-10 in Line 8A.
  #3 - Non-Recurring Exemptions,
  Levied to Max


      2008-09                                               2009-10




Decl Enroll - $150,000
Inflationary Increase
                               Aid                       Prior Year Aid
                                +                              plus
                              Levy      Base
                                                             Levies
        Base
                                                         Minus $150,000
                                                         (base backout)




        This district will have no carryover authority in 2009-10 in Line 8A.
#4 - Line 7 Hold Harmless (non-recurring),
    Recurring, Underlevy


      2008-09                                               2009-10


   Line 7 - $46,000
  Transfer of Service
Low Revenue Increase                                      Prior Year Aid
 Inflationary Increase                                          plus
                              Aid                             Levies
                               +        Base              Minus $36,000
                             Levy
        Base                                             (base backout of
                                                           amount used)


Underlevied by $10,000

       This district will have no carryover authority in 2009-10 in Line 8A.
#5 - Line 7 Hold Harmless (non-recurring),
    Other Recurring, Underlevy


       2008-09                                         2009-10




   Line 7 - $46,000
  Transfer of Service
 Inflationary Increase                              Prior Year Aid
                          Aid                             plus
                           +      Base
                         Levy                           Levies
        Base
                                                     (no backout)


Underlevied by $56,000
                          This district will have $10,000 in carryover
                                authority in 2009-10 in Line 8A.
 #6 - Line 7 Hold Harmless (non-recurring),
     Recurring, Non-Recurring & Underlevy


        2008-09                                                    2009-10
                                    $43,955
 Decl Enroll - $168,030

    Line 7 - $40,722
  Rec Ref - $252,707

  Inflationary Increase            Aid                           Prior Year Aid
                                    +                                   +
                                  Levy        Base
                                                                     Levies
         Base



Underlevied by $252,707
                       This district will have $43,955 of carryover authority in 2009-10
                                                   in Line 8A.
Multi-Year Revenue Limit Projection Tool


 Higher-Level = Using your own district data
 projections, simulate the multi-year effect
      on your district‟s Revenue Limit.


 SFS Homepage/Longitudinal Data (will be moving back to Budget
 Development & Planning)/Revenue Limits
Equalization Aid
           Equalization Aid

Property value varies greatly across the state.
  As a result, resources that districts can raise
  from just their property tax also vary.
The Equalization Aid formula mitigates this by
  distributing aid (“assistance”) to poorer
  districts to make up for what it can‟t get from
  the property tax.
In theory, the higher the value of a district, the
  less aid it will receive.
        Equalization Aid
What about two-thirds funding?
 Two-thirds NEVER meant that each
 district would get 66.7% of their costs
 back in state aid!
 It WAS a state computation that added
 together several statewide revenue
 sources, (all local levies, state and
 categorical aid and levy credit) and
 “backed into” an amount that the state
 would pay to districts - equaling 66.7% in
 total.
        Two-thirds is no longer law.
           Equalization Aid

Knowing how “rich” your district is in
the formula will help you in the future
as you estimate aid amounts.
(But, you don‟t need to estimate aid at this point in
the year because you have just received the ACTUAL
October 15 Certification for 2009-10!)
           Equalization Aid
What determines where a district is in the
formula?

District Factors
    - shared cost per member
    - equalized value per member

State Factors
   - cost ceilings
   - guaranteed valuations per member
   2009-10 Equalization Aid
District Factors

   – Membership - Sept. „08 + Jan.‟09 divided
     by 2, plus 2008 summer school.
   – Equalized Value - use the School Aid values
     sent to your district in May, 09.
   – Shared Cost – from auditor-submitted
     2008-09 1506AC reports.

                   (all on our website)
      09-10 Equalization Aid
State Factors (K-12 districts)

   – Primary Guarantee - $1,930,000
      (Set by Law)
   – Secondary Guarantee - $1,255,824
      (Determined by Calculation)
   – Tertiary Guarantee - $582,588
      (Average Property Value Per Member)
    09-10 Equalization Aid

State Factors (all districts)
   – Primary Cost Ceiling - $1,000
     (Set by Law)
   – Secondary Cost Ceiling - $9,205
     (90% of the State Average Expenditure Per
     Member)
     09-10 Equalization Aid
• Reminder: 2009-2010 Equalization Aid is
  computed using prior year (2008-09) data
  including membership, shared cost and property
  value.

• We now have the data we need to see how the
  formula treats your district.
       09-10 Equalization Aid
• Basic Aid Calculation (it‟s just fractions!)
    A district‟s Equalized Value Per Member
    divided by the State guarantee at that
    level produces the percent of the
    expenditure that is funded locally at that
    tier.
• State Aid pays the rest…
       09-10 Equalization Aid

    • Switch to Simplified Percentage Method
      Worksheets to calculate 2009-10 aid.



SFS Homepage/Worksheets/Executable/2009-10 Percentage Method
            Aid Scenarios
  Get your district‟s individual cost, membership,
  and value from the District-Specific October 15
  Aid Certification Worksheet handout.

  Type your district values into the spreadsheet.

• Add just more kids to your membership count.
  What happens to your aid?
• Add just more cost to your shared cost number.
  What happens to your aid?
• Add just more value to your property value.
  What happens to your aid?

             Important to know these effects…
        09-10 Equalization Aid

• On October 15, DPI certified an amount to
  districts. It is the amount of aid the districts
  will receive in 2009-10.
• This amount must be used in the Revenue Limit
  Calculation.
  Equalization Aid Across Time

See “Longitudinal Data” on the SFS Homepage.

      How can we estimate for 10-11?

What districts do individually and collectively
(cost, value, and kids) in the 09-10 fiscal year
   will determine how everything shakes out.
Other Odds & Ends
          Budgeting for
         Long Term Debt




The Fall, 2009 levy should be enough to cover your debt
payments due in the Spring of 2010 and Fall of 2010.
(calendar year)
The 2009-10 Budget Report should reflect the amount of
your debt payments you will pay in the Fall of 2009 and
Spring of 2010. (fiscal year)
      The Annual Meeting
•   Must Be Held in “Common” School Dist.
•   Meeting of District Electors, Not Board
•   Has Only Certain Powers - 120.10
•   Vote Tax For Operations, Debt, Capital
    Expansion, Purchase Sites
    – Please note: Board minutes should include
      individual levies for each fund, not just total
      levy.
• Authorize Purchase/Sale - Text Books,
    Real Estate
• School Lunch, Consolidation, Legal
   Board Responsibilities
• Adopt the Budget
• Approve An Appropriate Tax Levy
               Questions?
Visit our web site:
  http://dpi.wi.gov/sfs/index.html
Or call:
     •   David Carlson, Director, 266-6968
     •   Jerry Landmark, Assistant Dir., 267-9209
     •   Brad Adams, Consultant, 267-3752
     •   Lori Ames, Consultant, 266-3464
     •   Karen Kucharz, Consultant, 267-9707
     •   Gene Fornecker, Auditor, 267-7882
     •   Kathryn Guralski, Auditor, 266-3862
     •   Natalie Rew, Auditor, 267-9212

								
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